Auburn, NY - Chipotle, Panera Bread, Napa Auto Parts

Description:

• Chipotle recently signed a 15-year lease with 4 (5-year) options to extend
• The lease is corporate guaranteed by Chipotle Mexican Grill, Inc., a publicly traded (NYSE: CMG) and nationally recognized tenant with approximately 3,500 locations
• 2023 construction that features high quality materials, distinct design elements, and high-level finishes
• Equipped with the new Chipotlane format and drive-thru
• Panera Bread and Napa Auto Parts are well-known, national retailers with a strong customer following
• Corporate lease signature by Panera
• Short-term leases providing a new owner an opportunity to increase ROI by exercising lease extension options
• Subject property is strategically positioned off Grant Avenue, a major north-south retail corridor, averaging over 30,500 VPD
• Very low competition in the marketplace – The only Chipotle and Panera in a 20 mile radius
• The immediate trade area is supported by retailers such as Walmart Supercenter, Lowe’s Home Improvement, Staples, BJ’s Wholesale Club, Big Lots and Tractor Supply Co
• More than 36,300 individuals reside within the 5-mile trade area
• The average household income exceeds $84,900 within a 5-mile radius